List two types of service companies that would benefit from using activity-based management.For each company listed,state the type of cost information management needs to know.
Definitions:
Consecutive GICs
A sequence of Guaranteed Investment Certificates held one after another, often to create a ladder strategy for managing interest rate risk.
Interest Rates
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Term Deposit
A bank deposit that has a fixed term or period of time until you can access your money, often with a higher interest rate than savings accounts.
Promissory Note
A financial document in which one party promises to pay another party a definite sum of money at a specified future date or on demand.
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